What Recession? How High-End Lululemon Compares To Discount Dollar General, Walmart, Costco
Portfolio Pulse from Anthony Noto
Lululemon Athletica reported a 24% sales growth and raised its full-year guidance, with shares rising by 11.3%. The company's Q1 success contrasts with modest reports from Walmart, slower sales growth for Costco, and worse-than-expected results for Dollar General.
June 02, 2023 | 8:30 pm
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NEGATIVE IMPACT
Costco saw sales growth slow in fiscal 2023 3Q, reporting smaller net and comparable sales gains.
Costco's slower sales growth in fiscal 2023 3Q, with smaller net and comparable sales gains, indicates a negative short-term impact on the stock price, as the company's performance is weaker compared to Lululemon's and Walmart's.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Dollar General reported worse-than-expected Q1 results, with a decrease in customer traffic and missed analyst consensus.
Dollar General's worse-than-expected Q1 results, with a decrease in customer traffic and missed analyst consensus, suggest a negative short-term impact on the stock price, as the company's performance is weaker than Lululemon's, Walmart's, and Costco's.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Walmart reported Q1 sales of 7.8% and remains cautious for the months ahead.
Walmart's modest Q1 sales growth of 7.8% and cautious outlook for the months ahead suggest a neutral short-term impact on the stock price, as the company's performance is not as strong as Lululemon's but still shows growth.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Lululemon reported a 24% sales growth and raised its full-year guidance, with shares rising by 11.3%.
Lululemon's strong Q1 earnings report, with a 24% surge in net revenue and raised full-year guidance, indicates a positive short-term impact on the stock price, as evidenced by the 11.3% rise in shares.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100